GBP/USD
Trend Theme：GBP/USD holds below the mid-1.2700s, eyes on UK, US PMI data.
Trend Review：The GBP/USD pair posts modest losses during the early Asian session on Tuesday. The modest rebound in the US Dollar lends some support to the major pair. GBP/USD is trading near 1.2725, down 0.04% for the day.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 1.2745 * | 1.2758 ** | 1.2800 *** |
| 1.2731 | Support* | 1.2700 * | 1.2685 ** | 1.2620 *** |
Weekly forecast：
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USD/JPY
Trend Theme：Japanese Yen weakens against US Dollar, bullish potential seems intact.
Trend Review：The Japanese Yen kicks off the new year on a softer note against the US Dollar. Bets that the BoJ will exit the negative interest rates regime should help limit further losses. Dovish Fed expectations cap the USD recovery and should act as a headwind for USD/JPY.
Today Advise：Neutral
Key Levels：
| PP | Resistance* | 141.77 * | 142.50 ** | 143.85 *** |
| 141.30 | Support* | 141.04 * | 140.25 ** | 138.45 *** |
Weekly forecast：
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WTI
Trend Theme：Oil remains under pressure with calls from Pentagon to ship via Red Sea.
Trend Review：Oil prices are flat whilst residing below $74 with some downside pressure building. Saudi Arabia has cut its key Oil price by $1.25 per barrel for deliveries in Asia as of February. The news comes not from Saudi Aramco itself, but from three independent refiners in Asia who closed recent contracts.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 73.75 * | 75.46 ** | 76.43 *** |
| 72.78 | Support* | 71.06 * | 70.09 ** | 68.37 *** |
Weekly forecast：
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XAU/USD
Trend Theme：Gold holds positive ground above $2,060, focus on US PMI data.
Trend Review：Gold begins the first trading day of 2024 on a positive note during the early Asian session on Tuesday. The uptick of yellow metal is supported by the softer US Dollar and the positive development surrounding China’s economic stimulus measure. XAU/USD price trades around $2,065, up 0.19% on the day.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 2081.34 * | 2096.13 ** | 2103.77 *** |
| 2073.70 | Support* | 2058.91 * | 2051.27 ** | 2036.48 *** |
Weekly forecast：
